DUANE ARLEN NACK

DUANE ARLEN NACK is currently employed as a Broker and/or Investment Adviser at AMERIPRISE FINANCIAL SERVICES, INC. located at 1999 S BASCOM AVE, STE 470, CAMPBELL, CA, 95008-2203.

DUANE ARLEN NACK has worked at AMERIPRISE FINANCIAL SERVICES, INC. since May 21, 1986

Disclosure History

DUANE ARLEN NACK has 2 Disclosure Event(s).

Date: December 22, 2004
Category: Customer Dispute
Allegations: THE CLIENT ALLEGES I MISTAKENLY MOVED THE CNL OUT OF THE IRA IN FEBRUARY 2004 CAUSING THE $34,400.00 AS TAXABLE INCOME FOR THE TAX YEAR 2004.
Damage Amount Requested: $7,500.00
Broker Comment: INCORRECT PAPERWORK WAS SUBMITTED WHICH RESULTED IN A REGISTRATION CHANGE FROM AN IRA TO A NON-IRA. THIS CAUSED A TAXABLE DISTRIBUTIOON OF $34,360.00 TO THE CLIENT FOR TAX YEAR 2004. THE CLIENT REQUESTED THE DISTRIBUTION PUT BACK INTO THE IRA PLAN.

Date: February 24, 1995
Category: Customer Dispute
Allegations: CLAIMANT ALLEGES HE RELIED ON THE ADVICE OFAEFA AND NACK TO INVEST IN TRI-COUNTY TRUSS, AND ALLEGES THAT SUCH ADVICE WAS UNSUITABLE. ALLEGED DAMAGES ARE 432,711.00PLUS INTEREST. [CUSTOMER] INVESTED IN A CONSTRUCTION BUSINESS THATHAD NO ASSOCIATION WITH AEFA. THE CONSTRUCTION COMPANY WENTBANKRUPT. [CUSTOMER] IS TRYING TO FIND SOME WAY TO TIE AEFA TO THETRANSACTION. REVIEW OF CASE REVEAL ALLEGATIONS WERE WITHOUTMERIT.
Damage Amount Requested: $432,711.00
Settlement Amount: $30,000.00
Broker Comment: CLAIMANT [CUSTOMER] DISMISSED DUANE NACK WITHPREJUDICE FOR NO CONSIDERATION ON BEHALF OF NACK AND INEXCHANGE FOR A RELEASE OF ANY MALICIOUS PROSECUTION CLAIMAGAINST [CUSTOMER]. AEFA, ON BEHALF OF ITSELF ONLY, SETTLED ANDPAID [CUSTOMER] $30,000.00.NOT PROVIDEDAMENDMENT FILED BY FIRM ON 08/02/2012 TO REFLECT THAT THE DRP SHOULD NO LONGER APPEAR AS PENDING ON THIS RECORD.

More Information

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BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

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